BPI Direct BanKo

It supports self-employed microentrepreneurs (SEMEs) through BPI Direct BanKo, which presents an alternative to traditional money lenders as it grants business loans based on well-grounded credit parameters and provides quick turnaround times. Keeping true to its mission of empowering Filipino entrepreneurs and providing financial services to the underbanked and underserved, significantly increasing the number of SEMEs reached in 2020. With the accelerated efforts of BanKo, it obtained 16 percent of the market share in less than three years and is now the second biggest microfinance bank in the Philippines. It is now present in more communities with over 300 branches located across 71 provinces and has released ?11 billion in loans, serving 96,000 active borrowers. Notably, the primary product of the bank called NegosyoKo loan has helped microentrepreneurs across different categories. This type of microloan has assisted individuals from wholesale and retail trading in market stalls and sari-sari stores, manual services, food services, manufacturing, and agriculture.